Petrobras to Double Drilling Rigs Operating by 2017

During the presentation of the 2Q08 financial and operating results made on August 13, 2008, to the members of the Capital Market Investment Analyst and Professional Association (ABIMEC), Petrobras' CFO, Almir Barbassa, announced the Company intends to put new offshore drilling rigs into operation and to close 2017 with 63 units in use in deep and ultradeep waters. This is nearly double the amount of drilling rigs currently in operation.

To adjust the good and service provider park to the oil and gas industry, the director said Petrobras is working on

  • encouraging foreign companies to install activities in Brazil, particularly in partnership with Brazilian companies
  • driving the entrance of new companies in the industry
  • developing competitiveness
  • and boosting productive capacity in highly competitive sectors.

The director presented the Company’s figures for the second quarter, and highlighted the net profit of R$8.873 billion (R$15.708 billion in the half-year), the average oil and gas production of 2,175,000 barrels, the production of 1,846,000 barrels of derivatives, the 6% increase in natural gas production, and the generation of R$11.9 billion by the operating activities.

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